Michael Saylor: Bitcoin will not rebound to $60000, there is no threat in the short term

According to Cointelegraph, Michael Saylor, founder of MicroStrategy, has ruled out the possibility of Bitcoin falling back to $60000- a level that is crucial for most of 2024. Saylor said in an interview with CNBC on November 14th, "I don't think it will fall to $60000, nor will it fall to $30000. I think it will continue to rise from its current price." He said Trump's victory "very clearly" determines the future of cryptocurrency and Bitcoin in the United States, and added, "I really don't see any threat in the short term Saylor said, "I'm planning a celebration party for Bitcoin to reach its $100000 target, and I think it might be a New Year's Eve party at my house, so I would be surprised if Bitcoin doesn't break through $100000 in November or December Saylor also commented on speculation that US Securities and Exchange Commission (SEC) Chairman Gary Gensler may resign after Trump takes office next year, stating that whoever takes over the position will play the "most critical role" in the cryptocurrency industry.